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Jo-Ann Stores reports 3Q sales increase, raises outlook


HUDSON, Ohio Jo-Ann Stores reported that net sales for the third quarter ended Nov. 1, were $480.1 million compared to $480.2 million in the prior year. Same-store sales decreased 1.5% versus a same-store sales increase of 2.4% last year.

The company said it expects to report slightly improved third quarter earnings compared to last years third quarter earnings of 32 cents per diluted share.

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